Posted by s.crum on December 23, 2011 at 15:01:25 from (67.142.182.22):
In Reply to: OT: Gas lease in PA posted by TomH in PA on December 23, 2011 at 14:40:01:
I understand they have paid as high as $7,200 per acre in northern Pa. Everyone's trying to get on the bandwagon especially the state and federal goverment who are taking a big chunk of it. Chesapeake is doing mostly drilling and capping trying to get as many holes in the ground as they can before the political climate changes. Infrastructure will come later. I haven't leased yet and don't really care to. I've been told if they drill in my yard tomorrow I likely wouldn't see any income from it for 10 to 15 years if I ever did. Not as many getting rich as everyone seems to think. Most of the take will be shipped to China anyway.
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